Kaduna, Dec. 22, 2023 (NAN) – Governor Uba Sani of Kaduna State has assented to the state’s ₦458 billion budget for the 2024 fiscal year, subsequent to its passage by the State House of Assembly.
Sani, while signing the budget into law, disclosed that ₦318.8 billion was allocated for capital expenditure, with ₦139.4 billion earmarked for recurrent expenditure. These figures reflect a capital-to-recurrent ratio of 69.57% to 30.43%.
The governor emphasized that the 2024 budget was crafted to bring development closer to the people of Kaduna State, terming it the “2024 Budget of Rural Transformation for Inclusive Development,” aimed at bridging the divide between rural and urban areas.
He highlighted that the budget’s objective is to revitalize the state’s rural economies, foster social inclusion, address infrastructure and human capital gaps, enhance agriculture and food security, and ensure safety while safeguarding citizens’ investments.
“To achieve the objectives of the…
Source: Leadership Newspaper
